Monday, November 14, 2011

DailyMarkets.com - Forex Trading: EURUSD And GBPUSD Hold Below 100 Bar MA On 5 Minute Charts

DailyMarkets.com - Forex Trading: EURUSD And GBPUSD Hold Below 100 Bar MA On 5 Minute Charts

Forex Trading: EURUSD And GBPUSD Hold Below 100 Bar MA On 5 Minute Charts

Posted: 14 Nov 2011 12:36 PM PST

The 100 bar MA (blue line in the chart above) comes in at 1.3636 currently. The price has remained below this MA line and keeps the bias to the downside as a result. 
For the GBPUSD , the same dynamic has occurred. The 100 bar MA is at the 1.5914 currently and staying below it keeps the bears in charge for that pair as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Video Game Sales Rise In October

Posted: 14 Nov 2011 12:31 PM PST

After witnessing a horrific slump over the last five months, the video game industry was supplemented by marginal sales growth in October 2011. According to a recent report from market research firm The NPD Group, U.S. video game retail sales spiked 1.0% to $1.08 billion (including games released for personal computers).
The year-over-year growth was primarily driven by new game releases. October witnessed a surge of new game releases (seven of the top 10 games were new releases), which sold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunPower Sells Power To US Navy

Posted: 14 Nov 2011 12:25 PM PST

SunPower Corporation (SPWRA) has entered into an agreement with the US Navy under which the former will sell the electricity generated from the 13.78-megawatt ("DC") solar photovoltaic ("PV") power system to the latter.
SunPower has begun the designing process at Naval Air Weapons Station China Lake in California and plans to formally announce the commencement of construction in December this year. An affiliate of Metropolitan Life, subsidiary of MetLife, Inc. (NYSE:MET), will be the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genomic Health Stays Neutral

Posted: 14 Nov 2011 12:05 PM PST

We have reiterated our Neutral recommendation on Genomic Health (NASDAQ:GHDX) with a target price of $28.00.
Genomic Health reported an EPS of 10 cents in the most recent quarter, way above the Zacks Consensus Estimate of 4 cents, but lower than $0.12 in the year-ago period. Total revenue in the quarter climbed 12.5% year over year to $52.1 million, marginally missing the Zacks Consensus Estimate of $53 million.
The company derives the majority of its revenue from the Oncotype DX breast cancer test. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eaton Supports Coast Guard Cutters

Posted: 14 Nov 2011 11:50 AM PST

Industrial manufacturer Eaton Corporation (NYSE:ETN) received a $20 million contract from the U.S. Coast Guard to maintain electrical infrastructure on 12 Coast Guard cutters. These cutters are stationed in Coast Guard bases in San Diego, Seattle, San Francisco and Hawaii.
These Coast Guard cutters are vessels which are 65 feet (19.8 meter) or more in length and have accommodations for crew on board. These vehicles are assigned for conducting law enforcement and defense operations, marine science … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 14 Nov 2011 11:45 AM PST

Forexpros – The Euro was lower against the U.S. Dollar on Monday.

EUR/USD was trading at 1.3620, down 0.95% at time of writing.

The pair was likely to find support at 1.3484, Thursday's low, and resistance at 1.3859, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8564 and EUR/JPY falling 1.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Choppy Action

Posted: 14 Nov 2011 11:35 AM PST

Cusick’s Corner
This is the week of the Retailers, XRT, and the market will be focused on the consumer data all week while watching the EU headlines as austerity starts in Italy. The sentiment indicators last week, Put/Call-AAII etc, all came out very bullish which is one reason that I tempered my bullish spirit. This could be that I am a contrarian, when one side of the boat has too many on it, I tend to slide more towards the middle to other side. The Retail Sales data will give a better … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: NetApp Inc.

Posted: 14 Nov 2011 11:35 AM PST

NetApp Inc. (NASDAQ:NTAP) is scheduled to announce its second quarter 2012 results on November 16. We find limited movement in the analyst estimates so far.
First Quarter Overview
NetApp reported modest first quarter 2012 numbers, with earnings per share (EPS) missing the Zacks Consensus Estimate by 2 cents.
Revenue grew 26.4% from the year-ago quarter to $1.46 billion and was roughly in line with the lower end of the company's guided year-over-year growth rate. The improvement was driven by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CBRE Group Closes Debt Facility

Posted: 14 Nov 2011 11:15 AM PST

CBRE Group Inc. (NYSE:CBG), the world's largest commercial real estate services company (on the basis of 2010 revenues), has recently closed its previously announced new incremental senior secured sterling term loan A-1 facility to the tune of approximately $300 million. The debt facility was increased from the earlier amount of $250 million due to strong interest from the existing bank syndicate of the company.
The new facility is scheduled to mature in May 2016 and would see participation from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 14 Nov 2011 11:15 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday.

AUD/USD was trading at 1.0197, down 0.77% at time of writing.

The pair was likely to find support at 1.0053, Thursday's low, and resistance at 1.0397, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.12% to hit 1.3367 and AUD/JPY falling 0.88% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3Q Earnings Good, Not Great

Posted: 14 Nov 2011 11:10 AM PST

Third quarter earnings season is almost over. Total net income growth has been far higher than expected, although the median surprise and the ratio of positive surprises to disappointments is slightly below normal. Thus, I would characterize the season as good, but not great.

We have had 456, or 91.2%, of the S&P 500 firms reporting so far. The year-over-year growth rate for the S&P 500 (so far) is 16.17%. That is actually well above the 12.33% growth that those same 456 firms posted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Debt Concerns Drag Euro Lower

Posted: 14 Nov 2011 11:10 AM PST

11/14/11 Concerns regarding the ongoing debt crisis in the eurozone have helped risk aversion resurface. Therefore pushing the euro lower this session against its major … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Companies Continue To Leave Anti-Business California In Record Numbers To Save 40% In Costs

Posted: 14 Nov 2011 11:01 AM PST

Los Angeles – “It’s time to take a hard look at why businesses are leaving the state.

Since 2007, more than 2,500 employers have left California. They’ve taken about 109,000 jobs with them. Why is that happening and… more importantly… how can it be stopped?

Joseph Vranich, a business relocation expert, explains the exodus in the video report.”

According to Joe Vranich, “Business leaving the City of Los Angeles for a nearby county can save up to 20% in costs while moving to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: General Dynamics

Posted: 14 Nov 2011 11:00 AM PST

General Dynamics Corporation (NYSE:GD) reported mixed third quarter 2011 financial results with EPS exceeding the Zacks Consensus Estimate, but revenue missed the target.
Third Quarter Highlights
General Dynamics Corporation reported third-quarter 2011 operating earnings of $1.83 per share, which surpassed the Zacks Consensus Estimate of $1.77. The results of the company were 13 cents ahead of the year-ago figure of $1.70.
General Dynamics generated total revenue of $7.85 billion in the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Caterpillar Gung Ho On Expansion

Posted: 14 Nov 2011 10:50 AM PST

Caterpillar Inc. (NYSE:CAT), devoted to its long-term vision of becoming a leader in the mining industry, announced plans to build a mining truck facility in Indonesia besides increasing capacity at its large mining truck facility and large track-type tractor unit in the United States to the tune of $790 million.
Caterpillar will open a new mining truck plant in Batam, Indonesia for a total investment of $150 million. The facility will cater to mining customers across Asia Pacific. The facility is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Stockpiles Up 37 Bcf

Posted: 14 Nov 2011 10:50 AM PST

The U.S. Energy Department’s weekly inventory release showed a higher-than-expected increase in natural gas supplies, attributable to sagging demand amid robust production.
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activities or events.
The report provides an overview of the level of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slips Below $98

Posted: 14 Nov 2011 05:50 AM PST

11/14/11 Lingering EU debt concerns have helped push front month crude prices lower to start the week as investors are now concerned with future energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The U.S. Session

Posted: 14 Nov 2011 10:45 AM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.

USD/JPY was trading at 77.05, down 0.12% at time of writing.

The pair was likely to find support at 76.82, today's low, and resistance at 77.89, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.91% to hit 1.3626 and GBP/USD falling 0.99% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Finds Buyers On Failed Break Below. 1.3632 Eyed Above And 100 Bar MA

Posted: 14 Nov 2011 10:36 AM PST

The failure on the downside (1.3607 and bottom trendline on the 5 minute chart above) should lead to a test of the higher channel trendline at the 1.3632 level. Above that the 100 bar MA at the 1.3652 is the next target (blue line in the chart above).  Traders may simple use the 1.3607-14 area as support once again. The 1.3614 was the original low for the day. The 1.3607 is the 61.8% of the move up from last Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Target

Posted: 14 Nov 2011 10:30 AM PST

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, is slated to report its third-quarter 2011 financial results on Wednesday, November 16. The current Zacks Consensus Estimate for the quarter is 74 cents a share. The Zacks Consensus estimates revenue at $16,323 million.
Second-Quarter 2011, a Synopsis
Target's second quarter 2011 results were better than expected on the back of higher sales and improved profitability in its credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron’s Hydrogen Unit Operational

Posted: 14 Nov 2011 10:15 AM PST

Chevron Corporation's (NYSE:CVX) Pascagoula refinery in Mississippi commenced its 330,000 barrels per day (bpd) hydrogen unit last week. The start-up resulted in emission of more than 1,000 pounds of nitrogen oxide. As per a notice filed with the U.S. National Response Center, this exceeded the permissible amount of nitrogen oxide under its operating license.
The primary products of the Pascagoula, Mississippi based refinery are motor gasoline, jet fuel and diesel fuel. Other products include … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Insurer Majors Eye Acquisition

Posted: 14 Nov 2011 10:05 AM PST

Media reports revealed that XL Health Corp. is being chased by WellPoint Inc. (NYSE:WLP), UnitedHealth Group Inc. (NYSE:UNH) and Aetna Inc. (NYSE:AET), as each of these big insurers are eyeing the company's Medicare Advantage business,  which is expected to grow overwhelmingly over the next five years.
It is also reported that the purchase consideration may range between $1.5 billion and $2 billion for Matlin Patterson Global Advisers owned XLHealth Corp., a provider of managed care for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Georgia Bank Fails, Tally Hits 88

Posted: 14 Nov 2011 10:05 AM PST

Last Friday, U.S. regulators shuttered Georgia-based Community Bank of Rockmart, taking the number of failed banks thus far in 2011 to 88. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
While the financials of a few large banks have been stabilizing on the back of an economic recovery, the industry is still on shaky ground. Nagging issues like rock-bottom home prices along with still-high loan defaults and unemployment levels continue to trouble such institutions.
Lingering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 1.19%

Posted: 14 Nov 2011 10:05 AM PST

Forexpros – European stocks were down after the closing bell on Monday.

At the close of European trade, Germany's DAX fell 1.19%, London's FTSE 100 shed 0.47%, France's CAC 40 declined 1.28% and the EURO STOXX 50 was down 1.57%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.79%; the S&P 500 index shed 1.06%, while the Nasdaq 100 index declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

J. C. Penney Beats On Bottom Line

Posted: 14 Nov 2011 09:55 AM PST

J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently delivered third-quarter 2011 earnings of 11 cents a share that came way ahead of the Zacks Consensus Loss Estimate of 12 cents a share. However, it plunged 42.1% from the prior-year quarters earnings of 19 cents a share.
The company's strategic initiatives to reduce costs coupled with the healthy performance of women’s accessories and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TowerJazz Long-Term Story Remains Intact

Posted: 14 Nov 2011 09:55 AM PST

TowerJazz Long-Term Story Remains Intact
Ken Nagy, CFA

TowerJazz (TSEM) is a pure-play semiconductor wafer foundry with two IC plants in Israel and one in California, that manufacture SiGe, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices. TSEM has solidified itself in the specialty semiconductor area. Tower's designs are typically more complex than the manufacture of standard technology. This has the effect of drawing industry leading customers to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lowe’s Beats Estimates

Posted: 14 Nov 2011 09:50 AM PST

Lowe's Companies Inc. (NYSE:LOW), the world's second largest home improvement retailer, recently posted better-than-expected third-quarter 2011 results, thereby raising its fiscal 2011 sales outlook.
Let's Unveil the Picture
The quarterly earnings of 35 cents a share beat the Zacks Consensus Estimate by a couple of cents and jumped 12.9% from 31 cents delivered in the prior-year quarter. However, on a reported basis, including one-time items, the quarterly earnings came in at 18 cents a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allstate Slips To Underperform

Posted: 14 Nov 2011 09:50 AM PST

We have downgraded our recommendation on Allstate Corp. (NYSE:ALL) to Underperform from Neutral based on its consistent weak operating performance in the third quarter of 2011, which raises a question on the current sustainability factor.
Allstate's third quarter operating earnings per share of 16 cents came in a nickel higher than the Zacks Consensus Estimate of 11 cents but significantly lagged the year-ago quarter's earnings of 83 cents. Operating earnings plunged to $84 million from $452 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Keeps Bearish Bias

Posted: 14 Nov 2011 09:38 AM PST

The EURUSD has kept a more bearish bias.  The 1.3607 level remains a target below. This is the 61.8% of the move up from last Thursday's low.  On the topside, the 1.3645-52 area is likely topside resistance that intraday traders will want to see the price remain below.  The 1.3645 level is the 50% of the move up from Thursday.   The 1.3652 level was a floor area on the daily chart in October  and again earlier this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tests Lows From Friday. One Day, Trend Higher. The Next Day, Trend Down

Posted: 14 Nov 2011 09:38 AM PST

It is not a normal market, but the GBPUSD has reversed the trend up on Friday with a trend down on Monday.  The low on Friday reached 1.5893 before surging higher. The price has now taken out that low and looks next toward the Thursday low of 1.5867.
Looking at the 5 minute chart, the pair has extended below the bottom trendline of a more shallow channel that has formed in the NY session. THis should accelerate the decline but traders will be watching for that momentum to develop. If the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Moves Below 100 Hour MA/Fibo Retracement

Posted: 14 Nov 2011 09:38 AM PST

The AUDUSD is below the 100 hour MA and the 38.2% of the move up from last weeks lows. Those levels come in at the 1.0225 and the 1.02295 level. Stay below these levels,  and the traders will be looking toward a break of the 1.0194 level to provide the next downside clue for the pair (below 50% of the move up from last week and low for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

It’s Not Just Members Of Congress Who Benefit From Insider Trading, Congressaional Staff Also Gain

Posted: 14 Nov 2011 09:38 AM PST

Wall Street Journal (October 11, 2010) — “At least 72 aides on both sides of the aisle traded shares of companies that their bosses help oversee, according to a Wall Street Journal analysis of more than 3,000 disclosure forms covering trading activity by Capitol Hill staffers for 2008 and 2009. 

“Congressional staff are often privy to inside information, and an unscrupulous person could profit off that knowledge,” says Vincent Morris, a spokesman for Rep. Louise Slaughter (D., N.Y.), a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Tests The 0.9080/88 Target And Backs Off A Bit

Posted: 14 Nov 2011 09:38 AM PST

The USDCHF is up testing the ceiling area over the last few days of trading and has found some profit taking sellers on the first test.
On Friday and again earlier  today, the price in the pair tested 50% Fibo support and the 200 hour MA (green line in the chart above). The ability to hold these key technical levels (and deflation risks/fear in Switzerland) have the pair moving to the upside today. The move has taken the price above the 100 hour MA (currently at 0.9037 – blue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Dips To Target Support And Bounces

Posted: 14 Nov 2011 09:37 AM PST

The EURUSD dipped to 1.3607 target (see prior post) and bounced (low reaached 1.3609).  The level represents the 61.8% of the move up from last Thursday's low and was a floor on Friday before the surge higher.  On the topside, a move above the 1.3645 (midpoint of the same move) remains a level to eye above for intraday technical clues.
Taking a look at the 5 minute chart the pair has resistance at the 1.3638 and support at the 1.3598. These levels are the channel guardrails … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TTEK Wins Contract

Posted: 14 Nov 2011 09:31 AM PST

Tetra Tech Inc. (NASDAQ:TTEK) has received a $225 million contract for its huge range of environmental restoration and remediation services. The services are being offered to the U.S. Army Corps of Engineers (USACE) in Louisville District. There are five big business teams, who are sharing the contract ceiling value.
The contract is for a period of two years with an option to be extended twice with a gap of four years.
Tetra Tech's complete range of environmental services including investigations, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Excel Maritime Upgraded To Neutral

Posted: 14 Nov 2011 09:15 AM PST

We upgrade our recommendation on Excel Maritime Carriers Limited (NYSE:EXM) to Neutral based on its current valuation, which plummeted 63.5%  last year. This was primarily attributable to the gloomy prospects of the drybulk shipping industry. This sector is facing serious challenges since the spot vessel rates collapsed significantly. We believe the sole reason for this dismal condition is the sheer increase of newbuild ships under operation that resulted in intense price competition.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pepsi Munches Brazil’s Cookie Maker

Posted: 14 Nov 2011 09:01 AM PST

The world's leading food and beverage retailer Pepsico Inc. (NYSE:PEP) has acquired Brazilian cookie company Grupo Mabel, for an undisclosed price. However, according to Bloomberg, sources with knowledge of the deal said that the retail giant would pay $450 million for the acquisition.
Based in Aparecida de Goiania, Goias, Mabel is 40% owned by the private-equity fund Icatu and operates through five plants. It is well distributed across Brazil in the states of Goias, Mato Grosso do Sul, Rio de … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mitsubishi UFJ Reports Profits

Posted: 14 Nov 2011 09:01 AM PST

Mitsubishi UFJ Financial Group Inc.(NYSE:MTU) reported six months ended September 30, 2011 net income of ¥696.1 billion (US$8.8 billion) versus ¥356.8 billion (US$4.0 billion) net earnings in the year-ago period. Diluted net income per common stock was ¥48.51 (61 cents) versus ¥24.53 (27 cents) in the prior-year period.
Results reflected decrease in G&A expenses and significant decline in consolidated credit costs driven by decrease in losses on loan write-off and a reversal of provision … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kimco,General Growth To Revamp Mall

Posted: 14 Nov 2011 09:01 AM PST

Kimco Realty Corporation (NYSE:KIM) recently announced that it has entered into a joint venture with General Growth Properties Inc. (NYSE:GGP) for developing the Owings Mills Mall in Owings Mills, Maryland, in northwest Baltimore County. The 25-year old, 1 million square foot mall was previously owned by General Growth and the latter seeks to redevelop the property jointly with Kimco.
As per preliminary redevelopment plans, the mall will be completely renovated with a new format and new tenants. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eurozone In Focus Ahead Of Macro Reports

Posted: 14 Nov 2011 09:01 AM PST

Developments in Europe will remain the dominant issue in the market today given the relatively thin economic calendar. Italy appears to be taking the necessary steps to muddle through its debt problems and not drag down the entire Euro-zone project. This is helping calm some of the more exaggerated fears that had taken effect early last week.
Europe aside, the rest of this week brings a host of important reports that will help refocus the market on the domestic economic outlook. These reports … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

October Sales Rise At Fastenal

Posted: 14 Nov 2011 09:01 AM PST

Fastenal Co. (NASDAQ:FAST) reported net sales of $246.7 million for October, up 21.4% from $203.2 million in the year-ago period. Average daily sales during the month amounted to $11.7 million versus $9.7 million in October 2010.
Daily sales to manufacturing customers (who represent almost 50% of revenues) improved 21.1% year over year in October 2011. Alongside, daily sales to the non-residential construction customers increased 18.7% year over year in the month under study.
The company opened … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goodyear Divests Tire Plant

Posted: 14 Nov 2011 09:01 AM PST

Goodyear Tire & Rubber Company (NYSE:GT) sold its 43-year old tire manufacturing plant in Union City, Tennessee to Titan Tire Corporation at an undisclosed price. Titan Tire Corporation produces tires for large earth-moving equipment, farm implements and other off-road vehicles.
The closure of the plant would put 1,800 Goodyear employees out of work. However, the U.S. Department of Labor announced a $3.4 million grant to the Tennessee Department of Labor and Workforce Development that would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Health Care REIT Updates Guidance

Posted: 14 Nov 2011 09:01 AM PST

Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, has recently updated its recurring FFO (funds from operations) and FAD (funds available for distribution) guidance for fiscal 2011 to better reflect the effect of the just-concluded secondary offering of approximately 12.7 million shares.
Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Eyes Cancer Drug Approval

Posted: 14 Nov 2011 09:01 AM PST

Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration (FDA) has accepted its new drug application (NDA) for vismodegib for review. The company is seeking approval of vismodegib for the treatment of patients with advanced basal cell carcinoma (BCC), whose lesions could not be operated or for whom surgery would result in substantial deformity.
The regulatory body has agreed to review the NDA, submitted in September 2011, on a priority basis.  A response … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Keep An Eye On AUXILIO

Posted: 14 Nov 2011 09:01 AM PST

Keep an Eye on AUXILIO
Ken Nagy, CFA

AUXILIO (AUXO) is the only health care exclusive, vendor neutral Managed Print Services (MPS) firm that provides document production management strategies, services and solutions to hospitals throughout the United States. AUXILIO's continuous workflow improvement solutions enable hospitals and health systems to reduce costs and waste in their operational and clinical functions by managing the process of document production between printing and copying … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CMAC Contributes At DecisionPoint Systems

Posted: 14 Nov 2011 09:01 AM PST

CMAC contributes at DecisionPoint Systems
Ken Nagy, CFA

On November 11, 2011, DecisionPoint Systems, Inc. (DPSI), an enterprise mobility and RFID systems integrator, reported financial results for its third quarter and nine months ended September 30, 2011.

DecisionPoint reported solid results with year over year third quarter revenues steady at $16.446 million compared to $16.414 million for the restated third quarter 2010.

However, third quarter revenue grew 24% sequentially over the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Cardinal

Posted: 14 Nov 2011 09:01 AM PST

Cardinal Health (NYSE:CAH) reported first-quarter fiscal 2011 (ended September 30) adjusted (excluding one-time expenses) earnings per share from continuing operations of 73 cents, exceeding the Zacks Consensus Estimate of 72 cents as well as the year-ago figure of 66 cents.
Earnings from continuing operations (as reported) dropped about 19% year over year to $237.1 million (or 68 cents a share) reflecting a previous-year gain (of 21 cents) from the sale of CareFusion (CFN) shares.
Highlights … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Covidien

Posted: 14 Nov 2011 09:00 AM PST

Leading health care products maker Covidien plc (NYSE:COV) is scheduled to release its fourth-quarter fiscal 2011 results on Tuesday, November 15. The Ireland-based company expects net sales for fiscal 2011 to grow 8% to 11% year over year.
Analysts polled by Zacks are currently looking for earnings per share of $1.05 and $3.94 on average for the fourth quarter and fiscal 2011, respectively. The current corresponding Zacks Consensus Estimates for sales are $3,027 million and $11,518 million.
With … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: RadioShack

Posted: 14 Nov 2011 09:00 AM PST

RadioShack Corp.(NYSE:RSH) reported disappointing third quarter 2011 financial results, falling short of the Zacks Consensus Estimates.
The comparable store sales for the company-operated stores and kiosks (stores and kiosks opened at least a year) declined 4% year over year. This is a key retail performance indicator measuring growth from existing sales locations.
Third Quarter Highlights
Quarterly net revenue was $1,032 million, up 3% year over year and in line with the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Numbers For Telefonica

Posted: 14 Nov 2011 09:00 AM PST

Spanish telecom giant Telefonica (NYSE:TEF) reported disappointing results for the first nine months, with earnings per share of €1.20 ($1.68 per ADS) declining 10.4% year over year.
Net income dropped 10.6% year over year to €5.4 billion ($7.6 billion) due to lingering economic concerns, intense competition and higher operating costs. The customers are switching to cheaper offers from smaller rivals, resulting in lower revenues and earnings for the company.
Consolidated revenue rose 5.4% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Jacobs Engineering Group Inc.

Posted: 14 Nov 2011 09:00 AM PST

Jacobs Engineering Group Inc. (NYSE:JEC) will be reporting its fourth-quarter and fiscal 2011 earnings on Tuesday, November 15, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is 73 cents, representing an annualized growth of 18.90%.  
With respect to earnings surprises over the trailing four quarters, JECoutperformed the Zacks Consensus Estimate in one quarter; was in line in another and lagged behind in two other quarters. Average earnings surprise was a negative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ben Willis : “After Italy… Spain”

Posted: 14 Nov 2011 04:00 AM PST

11/14/11 Sunrise Securities’ Ben Willis discusses this week’s focus for the US equity markets and how ongoing EU woes will affect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Tumbles To 4-week Low On Warm Weather Outlook

Posted: 14 Nov 2011 07:50 AM PST

Forexpros – Natural gas futures fell sharply on Monday, tumbling to a four-week low as warmer weather forecasts and lingering concerns about growing U.S. inventories continued to dominate market sentiment.

On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.489 per million British thermal units during U.S. morning trade, tumbling 2.66%.

It earlier fell by as much as 2.85% to trade at USD3.477 per million British thermal units, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Remains Higher Vs. Rivals Amid Italy Debt Concerns

Posted: 14 Nov 2011 07:49 AM PST

Forexpros – The U.S. dollar extended gains against most of its major counterparts on Monday, after Italy’s borrowing costs surged to record highs at an auction of five-year bills, underscoring concerns over the financial crisis in the euro zone.

During European afternoon trade, the dollar was sharply higher against the euro, with EUR/USD dropping 0.85% to hit 1.3633.

Italy's Treasury raised the maximum targeted amount of EUR3 billion at the sale, but yields on the five-year bonds rose to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Maintains 12,000 Level

Posted: 14 Nov 2011 07:30 AM PST

11/14/11 Wall Street declined as Euro-zone concerns remained in the spotlight. Mario Monti stepped in as PM following Silvio Berlusconi’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Falls To New Session Low On E.Z. Fears

Posted: 14 Nov 2011 07:29 AM PST

Forexpros – The pound extended losses against the U.S. dollar on Tuesday, falling to a fresh session low as Italian borrowing costs surged to record highs after a government bond auction, weighing on demand for riskier assets.

GBP/USD hit 1.5906 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.5911, dropping 0.94%.

The pair was likely to find support at 1.5753, the low of October 21 and resistance at 1.6119, the high of November 9.

The pound continued to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Pulls Back From 15-week High As EZ Debt Woes Weigh

Posted: 14 Nov 2011 07:23 AM PST

Forexpros – Crude oil futures pulled back from a 15-week high on Monday, as a broadly stronger U.S. dollar and lingering concerns over Italy's debt crisis weighed on appetite for riskier assets.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD97.49 a barrel during U.S. morning trade, tumbling 1.42%.

It earlier fell by as much as 1.66% to trade at a two-day low of USD97.25 a barrel.

Market sentiment was dented after Italy auctioned EUR3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Tumbles On Fresh Italy Debt Fears, Data

Posted: 14 Nov 2011 07:08 AM PST

Forexpros – The euro extended losses against the U.S. dollar on Monday, tumbling to a session low as fresh fears over Italy's financial crisis and weak data on industrial output soured sentiment on the single currency.

EUR/USD hit 1.3616 during U.S. morning trade, the session low; the pair subsequently consolidated at 1.3628, tumbling 0.88%.

The pair was likely to find support at 1.3522, the low of November 9 and resistance at 1.3794, Friday's high.

Earlier in the day, Italy's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

After Berlusconi, The Debt Issues Continue

Posted: 14 Nov 2011 02:00 AM PST

11/14/11 NYFP’s Morning Market Report: Despite new governments in Italy and Greece, the eurozone’s massive debt issues continue to remain a main focus for investors and helped push global equities lower to start the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Lower Amid E.Z. Caution; Dow Jones Down 0.38%

Posted: 14 Nov 2011 06:53 AM PST

Forexpros – U.S. stocks were lower on Monday, as Italian borrowing costs surged to record highs after a government bond auction, adding to concerns over the outlook in the euro zone.

During early U.S. trade, the Dow Jones Industrial Average fell 0.38%, the S&P 500 index dropped 0.72%, while the Nasdaq Composite index slipped 0.39%.

Italy's Treasury raised the maximum targeted amount of EUR3 billion at the sale, but yields on the five-year bonds rose to a euro-era high of 6.29%, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Trim Losses As Italy Debt Woes Linger

Posted: 14 Nov 2011 06:52 AM PST

Forexpros – Gold futures trimmed losses on Monday, as renewed concerns that the euro zone's sovereign debt crisis will worsen boosted the safe haven appeal of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,785.55 a troy ounce during U.S. morning trade, easing down 0.14%.

It earlier fell by as much as 0.87% to trade at a daily low of USD1,774.95 a troy ounce.

Italy's Treasury auctioned EUR3 billion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Happy Birthday P.J. O’Rourke

Posted: 14 Nov 2011 06:49 AM PST

It’s P.J. O’Rourke’s 64th birthday today, here are some quotes:

1. Giving money and power to government is like giving whiskey and car keys to teenage boys.

2. If you think health care is expensive now, just wait until you see what it costs when it's free.

3. The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn’t work and then they get elected and prove … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Hits Session High In Risk Off Trade

Posted: 14 Nov 2011 06:41 AM PST

Forexpros – The U.S. dollar rallied to a session high against its Canadian counterpart on Monday, as ongoing uncertainty over the debt crisis in the euro zone curbed demand for higher yielding assets.

USD/CAD hit 1.0194 during early U.S. trade, the session high; the pair subsequently consolidated at 1.0171, surging 0.70%.

The pair was likely to find support at 1.0078, the days low and the pair's lowest since November 9 and resistance at 1.0244, the high of November 9.

Market sentiment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rising Italian And Spanish Borrowing Costs Weigh On Euro

Posted: 14 Nov 2011 06:23 AM PST

Fundamental Headlines
• Japan Economy Expands at 6% Pace as Exports Drive Post-Earthquake Recovery – Bloomberg
• Obama's Asia Trade Deal Gains Momentum – Bloomberg
• Europe could be in Worst Hour Since WWII: Merkel – Reuters
• Italy's Monti Works to Form New Government – Reuters
• Euro Risks Hit Banks – WSJ
European Session Summary
Markets opened with a bang in early Asian trading on Monday, sending the Euro as much as 75-pips higher after a weekend marked by progress in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Many Factors Fueling A Return To $100 Oil

Posted: 13 Nov 2011 10:00 PM PST

Oil prices rose about 5 percent last week to finish only a dollar short of regaining triple-digit status. Since dipping below $80 per barrel on October 3, West Texas Intermediate (WTI) prices have increased almost 28 percent. This increase is nearly twice that of the S&P 500 Index, up 15 percent since October 3, but reinforces a recent trend for oil prices—as equities go, so goes oil.
This chart put together by the U.S. Energy Information Administration (EIA), illustrates how WTI crude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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